Nigerian bourse ended the last trading session on a bearish note. The All Share Index dropped by, 0.86% to close at 35,037.46 points as against the +6.23% gain recorded yesterday.
- Nigerian Stock Exchange capitalization presently stands at N18.3 Trillion. The year to date while the Year-to-Date (YTD) returns stood at +27.72%.
- Nigerian Stock Exchange trading turnover spiked up by +4.27% as against the +39.00% uptick recorded on Thursday.
- TRANSCORP , ZENITHBANK, and ACCESS were the most active to boost market turnover.
- Market breadth closed negative as BOCGAS led 26 Gainers as against 38 Losers topped by FCMB at the end of today’s session – an unimproved performance when compared with the previous outlook.
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Top gainers
- AIRTELAFRI up 9.99% to close at N489.9
- FIDSON up 9.93% to close at N5.98
- PZ up 9.52% to close at N5.75
- BUACEMENT up 1.66% to close at N52
- DANGSUGAR up 3.98% to close at N22.2
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Top Losers
- ARDOVA down 9.76% to close at N14.8
- GUINNESS down 8.64% to close at N20.1
- GUARANTY down 4.71% to close at N36.4
- MTNN down 4.32% to close at N155
- ZENITHBANK down 3.55% to close at N27.15
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Outlook
Today’s Stock Bears spoilt Nigeria’s Stock bulls party at the last trading session amid falling crude oil prices prevailing at the commodities market.
Selling pressure from top blue-chip stocks like MTN Nigeria, GTBank, Zenith Bank neutralized impressive gains seen in Airtel Africa amid high market liquidity.
- Nairametrics envisage cautious buying, as profit-taking seems to be coming into play amid impressive gains recorded in the past few weeks.
